Nigeria is facing a food security crisis that is compounded by the COVID-19 global pandemic and its effects on the food value chain in the country. The pandemic has significantly disrupted already fragile value chains across the country, including people’s ability to produce, process, and distribute food. The disruption to agricultural productivity and markets has a knock-on negative impact on livelihoods, especially among the most vulnerable households.
As part of the Feed the Future initiative, USAID/Nigeria is seeking to partner with youth-led companies (up to age 29) and mid-stage companies (with an existing customer base of more than 1,000 people) that are already working in food production, processing, and/or distribution. USAID is requesting that these partners help farmers and other stakeholders in the food value chain increase agricultural productivity and food security within the next year to mitigate the effect of COVID-19 on Nigeria’s food value chain.
Enygma Ventures is a unique purpose-driven investment fund, led by award-winning entrepreneurs with 40 years of combined experience growing and scaling businesses in Africa, the US & Europe. We understand the struggles and challenges of building big businesses, having built big businesses ourselves. We wholeheartedly believe in win/win scenarios for the investor and entrepreneur and therefore have the ability to create flexible financial solutions with efficient & strategic deployment of capital whilst providing helpful tailored support. Through our networks, we are able to create access to expertise, mentors, local and overseas markets. We are truly collaborative partners. We are looking for businesses that meet these criteria:Woman founded/led or empowering of women, Scalable, A unique defensible business proposition, A dynamic entrepreneur(s) with demonstrated ability to execute, A proven revenue model & business concept, Clarity of purpose, Demonstrated growth, Looking for early-stage or growth capital, Are based in SADC region
Nigeria Agribusiness SMEs, On-Farm Production Investment
The USAID-funded Feed the Future Nigeria Agribusiness Investment Activity (“the Activity”) aims to strengthen the business enabling environment to promote private sector investment in agriculture in Nigeria through a 5-year activity that is being implemented by CNFA. The Activity will work with these lead firms, and the producers and service providers within their supply chains, to help them realize their growth plans. The Agribusiness Investment Activity’s partnerships with lead firms and financial entities will help integrate producers, aggregators, and other small and medium enterprises (SMEs) into more sought-after roles within the lead firms’ value chains for rice, maize, soy, aquaculture, and cowpeas. The target states include Niger, Delta, Cross River, Kebbi, Ebonyi, Kaduna and Benue.
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